The setup aims to capitalize on a bullish breakout after the liquidity zone forms and the price breaks above the minor key level. Given the weakening USD due to the latest economic data (lower GDP growth and rising unemployment claims), there is a higher probability for NZD/USD to rise. The buy stop entry at 0.56520 targets a move toward 0.57400, with risk managed by placing the stop loss at 0.56160.
Fed Powell sounds unsure on if Tariffs will affect an uptick in inflation as he is willing to see what happens once the policies are implemented, he also haven't spoken with trump as it relates to lowering interest rate and he is saying that the data have been mixed and for that he don't feel there is a need to cut interest rates quickly as cutting too fast could be bad as well as cutting too slow so he is highly dependent on Data to make a move on interest rates.